Steven DiLemme Takes CFO Helm at LEM Capital
Investor - People | Jan 24, 2025 | LEM Capital LP
LEM Capital, a real estate private equity firm based in Philadelphia, has declared the promotion of two integral team members for 2024. Steven DiLemme, who has been with the firm for 13 years and formerly led the accounting team, has been appointed as the Chief Financial Officer. Additionally, Aaron Seidman of the Acquisitions Team has been elevated to the role of Associate. Greg Biester, a partner at LEM, expressed the firm's pleasure in recognizing the contributions of DiLemme and Seidman. LEM Capital prides itself on its strategic focus on acquiring and managing multifamily properties, enhancing them through upgrades and stringent asset management practices. Over its 22-year history, LEM has garnered $1.8 billion in investor commitments and had invested over $9.2 billion in real estate by acquiring more than 27,000 apartment units since 2011. The firm's overarching mission is to deliver compelling risk-adjusted returns to investors while safeguarding their capital.
Sectors
- Real Estate Private Equity
- Investment Management
Geography
- United States – LEM Capital is based in Philadelphia, PA, and operates a network of nationwide operating partners.
Industry
- Real Estate Private Equity – The article discusses LEM Capital, which is a real estate private equity firm investing in multifamily properties.
- Investment Management – LEM Capital specializes in investment strategies for protecting investor capital and ensuring returns, typical of the investment management sector.
Financials
- 1.8 billion – Amount raised in investor commitments by LEM Capital since 2002.
- 9.2 billion – Amount invested by LEM Capital in real estate over its history.
- 27,000 – Number of value-add apartment units acquired by LEM Capital since 2011.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| LEM Capital LP | Main Company | Company | A real estate private equity firm focused on multifamily property investments. |
| Steven DiLemme | Chief Financial Officer | Person | Recently promoted CFO who has been with LEM Capital for 13 years, previously leading the Accounting Team. |
| Aaron Seidman | Associate | Person | Recently promoted to Associate from the Acquisitions Team at LEM Capital. |
| Greg Biester | Partner | Person | Partner at LEM Capital who acknowledges the team promotions. |